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Everi Holdings might need to settle down a bit

Shares of Everi Holdings (EVRI) have better than tripled in 2017 alone.

Given a sizable amount of leverage, enterprise value hasn’t increased nearly as much as the stock price would suggest.

That leverage means there’s still a case for further upside – but there’s also some downside risk with second half growth guided to slow.

I missed out on the run from $2+, but I’m cautious at $7.50.

I really liked the late 2014 tie-up between Global Cash Access and Multimedia Games that became Everi Holdings in 2015. At one point last year, EVRI was my largest holding after I doubled down following an early 2016 decline to under $2.